Analysis for August 15th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is sleeping. The price is finishing a bearish fractal; AO and AC are in the grey zone; there are three Squat bars in a row on the MFI. I’m keeping my sell order; a protective stop is above the Alligator’s mouth.
At the H1 chart of the USD/CAD currency pair, the Alligator is making a reverse downwards. The indicators are in the grey zone; there is a Green bar on the MFI. A bullish fractal may reach the Alligator’s teeth (red line).
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator started moving upwards again. AO and AC indicators are in the grey zone; the angle of angulation is open; the price is finishing a bullish fractal; there is a Fade bar on the MFI. I opened a buy order with a protective stop below the Alligator’s teeth.
At the H1 chart of the NZD/USD currency pair, the Alligator is also moving upwards. The Indicators are in the green zone, AC is near the balance line; there is a Green bar on the MFI. A bearish fractal may reach the Alligator’s jaw (blue line).
RoboForex Analytical Department